The £1,000 emergency fund challenge.

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Comments

  • PlaysNicely
    PlaysNicely Posts: 153 Forumite
    :wave:

    Thanks for the number and welcome Patman!

    So #236 update ~ cheeky cash shuffle to ensure pots are right for start of the month has freed up an extra £18, so straight into the EF it goes: £ 50 / £1,000

    Having looked at the finances across several days this week, I've decided my end date for meeting the £1,000 goal should be December 2018 at the latest, will aim to do it more quickly but also trying to be realistic as life has a habit of getting in the way!

    Happy weekend y'all, PN x
    £1000 Emergency fund challenge #236 - £ 5 / £332.05 + 365 day penny challenge - £ 18.15 / £667.95; 52 weeks challenge = £183 / £1,378;Frugal Living 2018 #42 <£11,500
    :p
  • patman99
    patman99 Posts: 8,532 Forumite
    First Anniversary Combo Breaker Photogenic First Post
    Yep, life does have a habit of getting in the way. Lost 1 days pay due to illness last week and the end damage was a lot less than I had thought it would be.

    All the regular monthly bills have left my account, so I can now book my car in for a full service without any risk of not having any cash to pay the bill.
    Never Knowingly Understood.

    Member #1 of £1,000 challenge - £13.74/ £1000 (that's 1.374%)

    3-6 month EF £0/£3600 (that's 0 days worth)

  • OH thinks the fault with my car that I mentioned earlier is the catalytic converter. Sounds like an expensive repair/replacement:eek:. Am taking it in for inspection tomorrow but the car is so old it probably isn't going to be cost-effective to have the work done. My EF is probably in for a bashing:mad:
  • indigowarrior
    indigowarrior Posts: 745 Forumite
    Back to start. Can I do the minimal income option patman as Dave says to save 500 if under 20k?
    No Spend November 2/15 and SPC 134
  • XSpender
    XSpender Posts: 3,811 Forumite
    First Anniversary Name Dropper First Post
    #235 checking in with £50 payment made to the EF putting me on £400. That will be it for me this month as its going to be a tight one with some work getting done in the house.
    Save £10,500 - £2673.77 - 25.5%
    Pay off £7000 - £1743 - 19.4%
    Make £2021 extra income - £99.75
  • Had to change my car repair date from Tuesday until today. OH took it in early this morning for me so I'm sitting here waiting with everything crossed until he phones me and tells me the worst:eek:.
    I'm probably worrying unnecessarily but anything car related that involves potential big bills freaks me out:o
  • Another expense claim has been settled so £89 added to the fund today- my new total is £1167.44

    LMD
    Life gets in the way...PADding is addictive...Saving's better than spending...
    2024 1p challenge #11 | Cash envelope challenge #01 | SPC #017
    Sealed pot 2024 £2363.03 | EF £1000/£1000 | Sabbatical £900/£3000 | Holiday spends £430 | General Saver £2562.77
  • Quick update on my car. The mechanics gave it a good going-over and could find no trace of the cause of the panic-inducing warning light and 'anti-pollution fault' shown on the display recently. The only thing that is listed on my paperwork is 'throttle actuator circuit fault' whatever that is. I expect patman knows what it is;)


    Had a full service and MOT (which it passed without a single advisory:j) and whatever else they did to check on the 'fault' all for £150 so I'm over the moon:dance:_party_.


    Looks like my Emergency Fund is intact for a while longer as I'd budgeted for 'normal' servicing and MOT costs anyway.
  • Quick update on my car. The mechanics gave it a good going-over and could find no trace of the cause of the panic-inducing warning light and 'anti-pollution fault' shown on the display recently. The only thing that is listed on my paperwork is 'throttle actuator circuit fault' whatever that is. I expect patman knows what it is;)


    Had a full service and MOT (which it passed without a single advisory:j) and whatever else they did to check on the 'fault' all for £150 so I'm over the moon:dance:_party_.


    Looks like my Emergency Fund is intact for a while longer as I'd budgeted for 'normal' servicing and MOT costs anyway.

    This is fab news! Happy for you and your EF :D
    Life gets in the way...PADding is addictive...Saving's better than spending...
    2024 1p challenge #11 | Cash envelope challenge #01 | SPC #017
    Sealed pot 2024 £2363.03 | EF £1000/£1000 | Sabbatical £900/£3000 | Holiday spends £430 | General Saver £2562.77
  • patman99
    patman99 Posts: 8,532 Forumite
    First Anniversary Combo Breaker Photogenic First Post
    CBC, it could be the throttle position sensor is playing-up. Had this on an old Focus. It would randomly cut out then restart.
    Mechanic replaced both the throttle sensor and knock sensor for around the £100 mark and the issue disappeared.
    Never Knowingly Understood.

    Member #1 of £1,000 challenge - £13.74/ £1000 (that's 1.374%)

    3-6 month EF £0/£3600 (that's 0 days worth)

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